{"id":19370,"date":"2023-02-16T07:13:44","date_gmt":"2023-02-16T07:13:44","guid":{"rendered":"https:\/\/financialtelegraph.in\/index.php\/2023\/02\/16\/praveg-limited-9m-fy23-pat-up-208\/"},"modified":"2023-02-16T07:13:44","modified_gmt":"2023-02-16T07:13:44","slug":"praveg-limited-9m-fy23-pat-up-208","status":"publish","type":"post","link":"https:\/\/financialtelegraph.in\/index.php\/2023\/02\/16\/praveg-limited-9m-fy23-pat-up-208\/","title":{"rendered":"Praveg Limited 9M FY23 PAT up 208%"},"content":{"rendered":"<div class=\"dsprime\"><img decoding=\"async\" width=\"525\" height=\"350\" src=\"https:\/\/primexnewsnetwork.com\/wp-content\/uploads\/2023\/02\/image-111.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\" style=\"margin-bottom: 10px\" \/><\/div>\n<p><strong>Mumbai (Maharashtra) [India], February 16:<\/strong>\u00a0<strong>Praveg Limited (BSE \u2013 531637)<\/strong>,\u00a0a renowned name in the Indian Tourism &amp; Hospitality and Event &amp; Exhibition Management industries,\u00a0reported unaudited\u00a0Financial Results for the Q3 &amp; 9M FY23.<\/p>\n<p><strong><u>Financials at a Glance:<\/u><\/strong><\/p>\n<p><strong>Q3 FY23:<\/strong><\/p>\n<ul>\n<li><strong> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Total Income for Q3 FY23 at 28.47 crore; up 79.85%<\/strong><\/li>\n<li><strong> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0EBITDA for Q3 FY23 \u00a0at 17.19 crore; up 107.36%<\/strong><\/li>\n<li><strong> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0PAT for Q3 FY23 \u00a0at\u20b911.57 crore; up 111.13%<\/strong><\/li>\n<li><strong> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0EPS at\u20b96.01; up 103.04%<\/strong><\/li>\n<\/ul>\n<p><strong>9M FY23:<\/strong><\/p>\n<ul>\n<li><strong> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Total Income for 9M FY23 at 65.81 crore; up 131.73%<\/strong><\/li>\n<li><strong> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0EBITDA for 9M FY23 at\u20b935.37 crore; up 188.26%<\/strong><\/li>\n<li><strong> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0PAT for 9M FY23 at 23.25 crore; up 207.54%<\/strong><\/li>\n<li><strong> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0EPS at\u00a0\u20b912.09; up 195.60%<\/strong><\/li>\n<\/ul>\n<p>Speaking on occasion,\u00a0<strong>Mr. Vishnu Patel, Chairman\u00a0of Praveg Limited,\u00a0<\/strong>said &#8211;\u00a0\u201cThe company has seen a significant increase in travel demand during the first 9 months of the FY23, which has had a positive impact on the company&#8217;s overall performance. This is great news for the company as the travel industry has been affected by the COVID-19 pandemic.<\/p>\n<p>Looking ahead, the company expects this trend to continue and sees great potential for further growth in the future. By adding new resorts to its portfolio, the company is confident that it will be able to enhance its performance even further. This is a strategic move that will allow the company to tap into new markets and provide customers with even more diverse travel options.\u201d<\/p>\n<p><strong><u>About\u00a0Praveg Limited:<\/u><\/strong><\/p>\n<p>Founded in 2005, Praveg is a leading Company with having presence in diverse business segments like exhibition management, event management, tourism, hospitality and publication. Its core strength lies in independent and sophisticated infrastructure, expert and experienced manpower and an in-house creative studio.<\/p>\n<p>The company\u2019s diverse clientele includes Gujarat State Government, large corporates and renowned entrepreneurs. Praveg\u2019s wide range portfolio includes the execution of large-scale projects across the nation and in the USA, China, South Korea, Africa, Europe and in the Middle East.<\/p>\n<p>Praveg has been an industry leader in Events\/Exhibition management for over 20 years and has successfully completed over 3000 large and medium events\/exhibitions to date. The Company has handled various prestigious projects like Tent City Narmada \u2013 Statue of Unity, Tent City Varanasi and White Rann Resort &#8211; Rann Utsav are few among them.<\/p>\n<p>For FY22, the Company reported total Revenues of \u20b9 45.03 crores, EBITDA of \u20b9 19.62 crore and Net Profit of \u20b9 12.23 Crore.<\/p>\n<p><em><strong>\u00a0<\/strong>If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], February 16:\u00a0Praveg Limited (BSE \u2013 531637),\u00a0a renowned name in the Indian Tourism &amp; Hospitality and Event &amp; Exhibition Management industries,\u00a0reported unaudited\u00a0Financial Results for the Q3 &amp; 9M &hellip; <a href=\"https:\/\/financialtelegraph.in\/index.php\/2023\/02\/16\/praveg-limited-9m-fy23-pat-up-208\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":19371,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[448],"class_list":["post-19370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","entry"],"_links":{"self":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/19370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/comments?post=19370"}],"version-history":[{"count":0,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/19370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media\/19371"}],"wp:attachment":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media?parent=19370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/categories?post=19370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/tags?post=19370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}